Replies to post #17907 on Kibush Capital Corp (fka DLCR)

[Xylan]

I believe the last 10q stated there were $288,000 current to be converted on top of that there is the new $100,000 CD they just took out a few months ago which they drew $25,000 of with $75,000 left to be converted in 2017...

I posted last week of how many shares that was but will do my WAG again...

Let's figure $88,000 of the $288,000 is what has been converted in the past week or so bringing the balance to $200,000 to be converted...

As with 100% of CD's the note holder gets a deep discount from current pps to convert to.., so let's say the holders are getting a 50% discount from pps when they convert... Using this moments pps of 0.0017 the note holders are getting shares at 0.00085..

With $200,000 to convert that equates to approximately 235,000,000 shares...

There is not enough shares in the 500,000,000 to cover this so an AS increase is probably happening in the next 3-4 weeks..

[finna_make_gains]

I found it. I know exactly how much it was for too. If my math is right we need another 30 million trading day